BlackRock Inc. Makes New $1.06 Billion Investment in Terex Corporation $TEX

BlackRock Inc. bought a new position in Terex Corporation (NYSE:TEX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,691,820 shares of the industrial products company's stock, valued at approximately $1,063,541,000. BlackRock Inc. owned about 12.86% of Terex at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Terex during the second quarter worth $35,000. Essential Partners LLC grew its holdings in Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company's stock worth $33,000 after acquiring an additional 356 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock worth $28,000 after acquiring an additional 369 shares in the last quarter. Optiver Holding B.V. raised its position in shares of Terex by 67.5% in the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company's stock worth $46,000 after acquiring an additional 315 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Terex in the 1st quarter valued at about $30,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Price Performance

NYSE:TEX opened at $66.33 on Friday. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69. The stock has a fifty day moving average of $66.94 and a 200 day moving average of $63.81. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 0.97 and a beta of 1.51.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.14. Terex had a return on equity of 12.24% and a net margin of 2.23%.The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same period in the prior year, the business earned $1.49 EPS. The company's revenue for the quarter was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, research analysts expect that Terex Corporation will post 4.99 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Terex's payout ratio is presently 34.69%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. DA Davidson started coverage on Terex in a research note on Wednesday, June 24th. They set a "strong-buy" rating and a $81.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on Terex from $80.00 to $68.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Citigroup upped their target price on Terex from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded Terex from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Barclays lifted their price target on shares of Terex from $65.00 to $70.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Terex currently has an average rating of "Moderate Buy" and a consensus price target of $78.91.

About Terex

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.

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